LNG imports in Europe continue to rise

This winter in Europe marks a turning point with the absence of Russian gas transiting through Ukraine via pipelines. A new supply context is being established to make up for this absence.

In recent months, Europe has recorded a sharp increase in its imports of liquefied natural gas.
– 3.83 billion m³ of LNG were received last week (including Turkey and the United Kingdom), representing +17% compared to the previous week.

• This increase is mainly driven by U.S. LNG, in a context where China is intensifying its imports of Russian gas: to date, no punitive sanctions have been put in place by the Trump administration, despite several threats of measures.

Faced with declining U.S. exports to China, the United States is redirecting a large portion of its LNG to Europe.
As a result: U.S. LNG now accounts for 58% of European imports

On the infrastructure side, the commissioning of the German Wilhelmshaven 2 terminal, after a month of maintenance, has also supported this upward trend.

European storage levels have now reached 83% of their capacity and are stabilizing. Member States must, however, reach 90% by December 1 to face the winter with confidence.

In a context of mild temperatures at the beginning of November, this is allowing gas prices to stabilize.